Outside the Box, March 2017

Raoul Pal, Paying Attention

March 29, 2017

When my friend Raoul Pal – mastermind of Global Macro Investor and partners with Grant Williams in Real Vision TV – has something to say, my ears perk up. And when he leads off a piece this way, I am ALL ears:

I’m going to blow your mind with this following article. My mind is still reeling from my discovery and from writing this piece.

Turns out he’s talking about India, and more specifically, about recent advances in that nation’s technological infrastructure.

(I)t is very rare indeed that...

Why Facts Don’t Change Our Minds

March 22, 2017

You and I are both rational beings who let facts drive our thinking, but it seems our fellow humans are not so thoughtful. Or at least that’s what the research says. It turns out that behavioral psychologists have been undermining the bastions of human reasonability for decades, starting with some nefarious characters in the Stanford University psych department back in the ’70s, whose devilishly clever experiments were then taken a frightening step further at that equally suspect institution...

Is Mr. Market Playing the Role of Pavlov’s Dog?

March 15, 2017

David Rosenberg is one of the most respected voices in the investing world. His Breakfast with Dave goes out to thousands of appreciative subscribers nearly every business morning. He has also been the leadoff hitter at my Strategic Investment Conference every year for several years running – and this year will be no exception. He is always one of our top-rated speakers, and his energy gets the conference up and rolling.

To everyone’s surprise, Rosie turned bullish in a big way at SIC six...